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Indraprastha Medical Corporation Limited (IN:INDRAMEDCO)
:INDRAMEDCO
India Market
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Indraprastha Medical Corporation Limited (INDRAMEDCO) AI Stock Analysis

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IN:INDRAMEDCO

Indraprastha Medical Corporation Limited

(INDRAMEDCO)

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Outperform 71 (OpenAI - 5.2)
Rating:71Outperform
Price Target:
₹413.00
▼(-9.44% Downside)
Action:Reiterated
Date:08/17/26
The score is primarily supported by strong financial performance: improved profitability, solid cash generation, and a very low-leverage balance sheet. Offsetting this, technical signals are weak-to-neutral with the stock trading below key longer-term moving averages and a slightly negative MACD. Valuation is broadly reasonable (moderate P/E with a modest dividend yield), neither a strong tailwind nor a major headwind.
Positive Factors
Revenue Growth
The multi-year revenue increase indicates sustained expansion in hospital services and patient activity. Positive growth in each of the last five years supports the durability of the operating model, although the latest annual growth rate moderated.
Negative Factors
Slowing Revenue Growth
Although revenue has grown consistently over several years, the latest slowdown suggests the company may be approaching a more mature growth phase or facing capacity, pricing, or volume constraints. Sustained deceleration could limit future operating leverage and earnings expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The multi-year revenue increase indicates sustained expansion in hospital services and patient activity. Positive growth in each of the last five years supports the durability of the operating model, although the latest annual growth rate moderated.
Read all positive factors

Indraprastha Medical Corporation Limited (INDRAMEDCO) vs. iShares MSCI India ETF (INDA)

Indraprastha Medical Corporation Limited Business Overview & Revenue Model

Company Description
Indraprastha Medical Corporation Limited (IMCL) is a prominent Indian healthcare provider, delivering a broad spectrum of hospital services across the nation. The company offers comprehensive medical and surgical solutions across an extensive rang...
How the Company Makes Money
INDRAMEDCO generates revenue primarily by delivering hospital services to patients at its facility. Key revenue streams typically include: (1) Inpatient services (room/bed charges, nursing and care services, intensive care, in-hospital procedures,...

Indraprastha Medical Corporation Limited Financial Statement Overview

Summary
Strong multi-year revenue growth and a major profitability recovery (net margin up to ~12.4% and EBIT margin to ~15.1% in 2026). Balance sheet is conservatively financed with very low leverage (debt-to-equity ~0.05) and expanding equity base. Operating cash flow and free cash flow improved materially by 2026, though cash flows and gross margin have shown some volatility and 2026 revenue growth slowed.
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
79
Positive
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue15.24B14.83B13.56B12.45B10.99B8.88B
Gross Profit5.16B5.06B3.50B3.13B6.25B4.79B
EBITDA2.95B2.96B2.44B2.07B1.61B1.17B
Net Income1.88B1.84B1.61B1.24B861.50M586.20M
Balance Sheet
Total Assets0.009.91B8.52B7.23B5.55B4.62B
Cash, Cash Equivalents and Short-Term Investments2.63B2.63B3.19B2.24B1.36B660.10M
Total Debt0.00368.60M327.60M339.50M24.80M53.10M
Total Liabilities-7.40B2.51B2.55B2.45B1.76B1.36B
Stockholders Equity7.40B7.40B5.97B4.78B3.79B3.25B
Cash Flow
Free Cash Flow808.10M1.30B1.20B1.31B998.90M418.10M
Operating Cash Flow935.10M1.89B1.57B2.00B1.44B712.90M
Investing Cash Flow-1.47B-2.02B-1.11B-1.58B-1.08B-511.00M
Financing Cash Flow-56.60M-434.60M-458.80M-323.80M-260.40M-33.70M

Indraprastha Medical Corporation Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price456.05
Price Trends
50DMA
372.20
Negative
100DMA
382.75
Negative
200DMA
406.39
Negative
Market Momentum
MACD
-5.04
Positive
RSI
34.22
Neutral
STOCH
13.41
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDRAMEDCO, the sentiment is Negative. The current price of 456.05 is above the 20-day moving average (MA) of 369.35, above the 50-day MA of 372.20, and above the 200-day MA of 406.39, indicating a bearish trend. The MACD of -5.04 indicates Positive momentum. The RSI at 34.22 is Neutral, neither overbought nor oversold. The STOCH value of 13.41 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:INDRAMEDCO.

Indraprastha Medical Corporation Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
₹52.67B43.580.13%14.96%20.76%
71
Outperform
₹32.10B17.061.14%10.92%12.12%
70
Outperform
₹394.93B71.400.07%21.27%4.09%
62
Neutral
₹1.25T59.520.23%17.20%32.79%
60
Neutral
₹687.01B65.200.11%17.50%20.65%
55
Neutral
₹958.68B65.780.20%15.96%26.87%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:INDRAMEDCO
Indraprastha Medical Corporation Limited
351.65
-120.54
-25.53%
IN:APOLLOHOSP
Apollo Hospitals Enterprise Limited
8,760.00
994.72
12.81%
IN:ARTEMISMED
Artemis Medicare Services Ltd.
343.85
108.95
46.38%
IN:FORTIS
Fortis Healthcare Ltd.
908.00
-33.70
-3.58%
IN:MAXHEALTH
Max Healthcare Institute Ltd
990.70
-156.86
-13.67%
IN:MEDANTA
Global Health Limited
1,421.95
29.89
2.15%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 17, 2026